Business Intelligence

Best-Practice Budgeting

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Executive Summary

IBM Cognos solutions offer three major advantages: First, they enable organizations to create dynamic budgets that can be updated in real time as conditions change and opportunities arise. This shortens the budgeting cycle and enables more rapid response to shifting trends and changing markets. Second, IBM Cognos solutions enable companies to create a single, collaborative budgeting process that can involve participants throughout the organization - a marked improvement over aggregating multiple spreadsheets developed across every department. Collaboration facilitates buy-in and enhances communication across the enterprise. Finally, IBM Cognos solutions tie budgets to business drivers instead of outcomes, enabling one to better anticipate the effects of unexpected business events and remain competitive by moving quickly to seize new opportunities.

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